In the current market context, when signs of fear have re-emerged, many investors see this as an opportunity to achieve greater profits and broaden their investment horizons. Some recent statistics show that investing in Altcoins can be more productive than investing in Bitcoin.
BIG PROBLEM AT TIME BUYING ALTCOIN
The data of K33 Research shows that, in the previous uptrend seasons, Altcoins have outperformed Bitcoin by many times.
It is interesting to note that there is a profit potential of investing in Altcoins. If you buy any Altcoin in the TOP100 list from 2015 and hold for about 3 years, the profit can be up to more than 65 times. Meanwhile, Bitcoin can be more than 20 times profitable in the same period.
When news is positive and confidence is restored, Altcoins can rise sharply without much correction like technical analysis. This can be seen in the price charts of Altcoins such as SOL, DOT and ADA.
The most important issue here is the timing of the purchase.
When an Altcoin enters the TOP100, it is receiving a lot of trading volume and increasing price.
IS THE GOLDEN AGE OF ALTCOIN GONE?
In the period 2015-2020, the capitalization expanded more than 1100 times. In the period of 2020 – 2021, the capitalization will expand 11 times. In the period of 2021 – 2022, the capitalization will expand 4 times. That is, the later, the increasing amplitude of Altcoins decreases. And the golden age of a hundredfold growth of Altcoins is over.
The later the uptrend period is shorter. There is no longer the phenomenon of Altcoins coming four years in a row like from 2015.
Rules and principles in the cryptocurrency market are approximate and do not guarantee absolute success. Investing in Altcoins requires a combination of knowledge, careful research, and investor intuition.
see more : What is the reason for the recent drop in the cryptocurrency market?